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4 Month Student Loan For Donnette In Bellingham Washington

$94000 Student Loan – Bellingham Washington, Credit Score Of 465

  • Experian: 480 – The client had a bad Experian rating
  • Transunion: 449 – Donnette had a bad credit score with Transunion.
  • Equifax: Donnette’s Experian score was 465, which is a bad credit rating on the Experian system.

Donnette’s Transunion score was altered by the student loan loan, changing to 449 from 465, which is typical in our experience.

Transunion Score: 449

Installment loan for Donnette, a graduate of Anderson University and a nurse’s aide working for over $67,000 per year

Donnette, an alumnus at Anderson University and a nurse’s aide in Bellingham, Washington needs a student loan to purchase something frivolous. Donnette has instead chosen to obtain an installment loan for $11,000 and is currently seeking lenders like Washington Trust Bank to process their request.

Contact Details for Bank of Bellingham, the provider of this student loan

  • Bank of Bellingham
  • City: Bellingham
  • State: Washington
  • Address: 211 East Holly Street
  • County: Whatcom
  • Zip code: 98225

When Donnette was 18, they attempted to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a list of Donnette’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on July 24, 2010
  • Attempt 2) Loan for $27,000.00 on January 30, 2011
  • Attempt 3) Loan for $22,000.00 on December 12, 2010
  • Attempt 4) Loan for $22,000.00 on March 15, 2010
  • Attempt 5) Loan for $21,000.00 on September 22, 2009
  • Attempt 6) Loan for $39,000.00 on February 4, 2009

Paraphrased and Standardized Quote from Donnette for this student loan of $94000, provided by Bank of Bellingham

Hello, I am Donnette and my hometown is Bellingham in Washington. Whatcom, county is where I grew up, and now I need a student loan in Washington for $94000 to renovate my home. It has been difficult, but Bank of Bellingham really came through for me with this loan for 10.8% interest APR and a term of 6 years. I can repay the loan over the 6 year term, including interest. A big thanks to Bank of Bellingham for trusting me and my bad credit. It look me 9 years to create my credit to 465, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Before applying for this student loan, Donnette had an Experian score of 480, which is bad, so Bank of Bellingham likely cannot provide Donnette a student loan

Experian Score: 480

Fast Loans for Donnette in Bellingham, Washington to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Bellingham, Washington aren’t actually that difficult to obtain, especially if you have some gumption like Donnette. Donnette was able to find a fast loan for $94000 from State Bank of Morton and Orting State Bank, but turned down both offers in favor of their student loan from Bank of Bellingham. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference in the case that a borrower is in a time sensitive situation.

Donnette’s Overall FICO score at the time of acceptance for a student loan, taking into account their nurse’s aide job and their future job as a broadcast technician

Fico Score: 465

Signature Loan acquired in Bellingham, Washington for $94000 with bad credit by Donnette

A lot of clients struggle with finding signature loans in Bellingham, Washington, and Donnette is the same. Donnette went to 8 lending institutions or more prior to finding Bank of Bellingham, who offered Donnette a signature loan for $94000. Most signature loans simply need a client, like Donnette’s signature to get them, up to $25,000 in some cases. Donnette was able to get $94000 as a student loan, which is very high for a student loan. Because signature loans do not require a cosigner, they generally need better credit, as high as 749

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $24,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Donnette needed a debt consolidation loan to pay for their existing student loan and their loan shark loan. Donnette was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.8%.

Previous requests on Donnette’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$40140.00 7 9.6% $658.1 Granite Falls State Bank April 18, 2010
$40160.00 3 9.2% $1280.82 Columbia Gorge Bank November 16, 2011
$39830.00 3 6.7% $1224.38 Summit Bank February 28, 2012
$40150.00 7 10.6% $679.05 State Bank of Morton November 24, 2013
$40480.00 6 11.3% $776.73 Northwest National Bank April 21, 2014

8 Months Ago, Donnette Tried to Find a High Risk Loan for $43,000.00, and it was Easy

It is an well known struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Donnette. Donnette chose not to get a high risk loan this time. High Risk loans are given to very low credit individuals. Individuals with credit scores as low as 438 can apply for a high risk loan and possibly can be approved.

Donnette has a low current yearly income, but has a large amount of prospects

Donnette has always wanted to be a broadcast technician, but would need attend Anderson University again to achieve it. Donnette has other prospects as well, including home appliance installer, crop workers supervisor, and dental / orthodontic office administrator, which pay $51,000 through to $105,000 per year, on average. For this reason, we think that Donnette can pay for this student loan of $94000.

Client Profile: Donnette Cicali of Bellingham, Washington
  • Full name (Changed if requested): Donnette Cicali
  • Current Credit: loans.hit.utils.Fico@4cc77c2e
  • Current City: Bellingham
  • State: Washington
  • Zip code: 98231
  • Yearly income: $31,000
  • Current Job: nurse’s aide
  • Current County: Whatcom
  • Goal Yearly Income: $117,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Donnette was not approved by Columbia Gorge Bank 6 times before being granted funding by Bank of Bellingham at 211 East Holly Street

On October 15, 2012, Donnette inquired about borrowing $7,000 from First Interstate Bank of Washington, National Association with Ilda, their in law from just outside Bellingham, and even with the co-signer, Donnette was rejected for this student loan. With bad credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Personal Loan for a nurse’s aide named Donnette in Bellingham, Washington to Pay Off UNFCU Student Credit Card

Donnette had a tonne of credit card debt on their Bealls Florida Credit Card and their Atlantic Stewardship Bank Visa Platinum Card, and they were starting to get in over their heads. Despite Donnette’s job as a nurse’s aide, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Multiple other requests for credit have been made by Donnette in the past, including one from Tristate Capital Bank in Bellingham, Washington before Donnette was approved for the $94000 by Bank of Bellingham

Donnette made 4 prior attempts to obtain a student loan, 2 of which were with Tristate Capital Bank, a lending institution in Bellingham, Washington known to specialize in student loans specifically. Prior to finding Bank of Bellingham, Donnette was concerned due to their inexperience and bad credit score.

Conclusion of Donnette’s student loan

In the end, Donnette was able to find a student loan for $94000 with an interest rate of 6.8% interest APR from Bank of Bellingham in Bellingham, Washington repayable over 6 years from now.

Will Alexander

Will Alexander has over 10 years of experience as a financial expert and writer. The goal of his work is to assist the people of Texas in finding loans for lower interest rates than they thought were possible. Will specializes in bad credit loans.

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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.